Andean Precious Metals Corp. (APM) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Tina, and I will be your conference operator today. At this time, I would like to welcome everyone to the Andean Precious Metals Q2 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question and answer session. It is now my pleasure to turn the call over to Dom Kisek, Vice President, Finance. Please go ahead. Good morning, everyone, and thank you for joining us today to discuss Andean Precious Metals' second quarter twenty twenty six financial and operating results. Joining me on the call today are Alberto Morales, Executive Chairman and Chief Executive Officer Juan Carlos Sandoval, Chief Financial Officer and Victor Flores, our SVP, Exploration, Operations and Growth. Before we begin, I would like to remind listeners that certain statements made on today's call may constitute forward looking information within the meaning of applicable securities laws. Please refer to the cautionary language included in our press release and MD and A for additional information. I will now turn the call over to Alberto. Thank you, Tom, and good morning, everyone. The second quarter was defined by our decision to defer the sale of a portion of our production for strategic treasury management purposes. We ended the quarter with finished inventory of approximately 732,000 ounces of silver and 2,585 ounces of gold carried on the balance sheet at cost of 7,600,000 As a result, reported revenue and earnings for the quarter do not fully reflect underlying operating performance of the business. I am pleased to report that subsequent to quarter end, we sold the entire deferred position at weighted average prices of $62.26 per silver ounce and $4,168 per gold ounce for gold proce...